drooyrich

If This Comes True, You'll Be Glad You Own Gold & Silver

PS again - if Hecla is undervalued, go to First Silver Majestic for an undervalued one - Hecla is trading at 1 billion dollars cap, producing 6 million ounces of silver and 100 million proven and probable (plus a gold mine in Venezuela, blee) while First Silver is trading at one fourth the cap, will be producing more silver this year, around 7 million and is targeting to have more than 200 million ounces of silver reserves probale and proven - seems quite evident to me - the reason of this difference ? Simple, First Silver is a junior who in the space of 2 years has become a medium-large player and is still off the radar screens - best luck to all - I do have shares of Frist Silver Majestic of course - trading on the TSE as FR.TO

If This Comes True, You'll Be Glad You Own Gold & Silver

Autaber, as I said in another post we are in the winter cycle according to Kondratieff where the credit boom = debt boom has been fenomenal - now, this theory well documented which has with precision forecasted financials boom and bust is now predicting deflation - frankly, I cannot see how we will get deflation since the other tsunami is much bigger i.e. peak oil - with oil becoming more and more expensive, this will have an inflationary impact on food, energy, metals, etc. I think the deflation will be on housing, stocks, bonds - so, according the the classical Kondratieff theory, gold will outperform during the housing/stock/bond deflation and should do even better since we will have inflation on food/energy/raw materials - the target price ?? Ok, if we calculate how much monetary mass has been increased during the Autumn period (1980-2000) gold price should rise to 32.000 dollars just to match this increase - I know this sounds crazy but these are the facts - will it ? I would be happy for just 6000-10.000 dollars - best luck to you - protect yourself, your family because what is to come will not be pretty at all !